8 Bed Semi-Detached House, Planning Permission, Worcester, WR2 4AD £695,000

• No Onward Chain +
• Fantastic Investment Opportunity +
• Semi-Detached Freehold House +
• 8 Self Contained Flats +
• Includes 6 Flats Refurbished Within Past 5 years +
• Scope for Further Development +
• Substantial Plot +
• Ample Off Street Parking +
• Achieving Over 9% Yield +
• EPC Ratings - C to E +

The building comprises eight self-contained apartments of various sizes and includes six one bedroom flats which have been fully refurbished and two studio flats, which have not yet been modernised. Currently generating an annual gross rental income of approximately £65,700. The remaining flats offer potential for future refurbishment, which could further increase rental income and overall property value. Some apartments are currently let to long-term tenants.

Additionally, subject to the necessary planning permissions, there is potential for further development, including the conversion of the cellar, utilisation of side grounds and driveway.

With a total internal area of approximately 353 sq m, this property currently delivers over a 9% yield, with further potential through improvements and development.

Council Tax Band: A (Worcester City Council)
Tenure: Freehold